Livestock Insurance


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Livestock Insurance

An insurance policy providing coverage for losses due to the death or injury of one's livestock. Livestock insurance generally covers accidents, acts of God, thefts and so forth. It usually excludes illegal acts, confiscation, and quarantines. As with all insurance, one must pay a premium to receive the coverage.
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The "Designing an Index-Based Livestock Insurance for Northern Kenya" section then implements this design approach for the specific case of Northern Kenya, discusses estimation results for the predicted mortality index, and analyzes the effectiveness of the proposed contract using an out-of-sample prediction methodology and household risk decomposition.
Talking to reporter here on Wednesday, he said that government had announced livestock insurance scheme in federal budget besides initiating other schemes including financing for small farmers and farmers guarantee scheme.
Agricultural insurance products available Livestock insurance is available on a limited basis and includes both livestock cattle, buffalo, small ruminants and poultry insurance.
Tender Value: 3,00,00,000 Product CategorySupport/Maintenance Service Sub categoryPremium rates for Livestock Insurance
Therefore, SBP, in line with government's efforts to promote access to finance to small farmers, is working on a number of initiatives that include credit guarantee scheme for small & marginalized farmers, crop & livestock insurance and warehouse receipt financing.
In addition, during a year of rapid transition we have continued to lead the industry in product development, earning FCIC approval for the first livestock insurance program authorized under federal legislation.
In budget FY2015, the government is also introducing the livestock insurance scheme for all farmers achieving financing for up to 10 cattle.
Further, a package of incentives and support has already been approved by the government for the agriculture sector which include Credit Guarantee Scheme for Small & Marginalized Farmers, enhancement of the scope of CLI premium reimbursement scheme up to 25 acres land holding, Livestock Insurance Scheme for all farmers getting financing for up to 10 cattle, initiating regulatory mechanism for establishment of a warehousing clearing system and Receipt Financing Mechanism, and Incentives for Processing Industries of Special Areas such as Makran Division, Gilgit-Baltistan, Swat District and FATA regions.
He also referred to the Livestock Insurance Scheme announced by the Finance Minister in the budget speech under which, he said, premium would be paid by the government.
The minister reviewed the progress on crop land insurance scheme, livestock insurance scheme, increased agriculture credit availability, establishment of commodities warehouses, low cost housing guarantee scheme, mortgage refinance company and Prime Minister's low cost housing scheme.
Recently most of our demands were fulfilled in the budget about Warehouse Receipt Financing, Mortgage Financing, Reduction in ERF mark up, Crop Insurance and Loan reimbursement facilities, Exim Bank, LTF, Livestock Insurance Scheme and Export Credit Guarantee Scheme.
The Finance Minister said the government is going to introduce livestock insurance scheme for all farmers getting finance for upto ten cattle.

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